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are facing many challenges in our relations with china, south korea and even with the united states on which japan's security is based. strengthening japan/ize lie yans is the first step toward rebuilding japan's diplomacy and security. >> abe promised the central government will take the lead in rebuilding disaster-hit regions in northeastern japan, especially fukushima prefecture, home to the damaged nuclear plant. the new prime minister says he will achieve results as soon as possible to redeem the trust of the japanese people. >>> prime minister abe's launched his cabinet tuesday after the top lawmakers elected him to the top job. both houses of parliament elected abe as prime minister, a post he held between 2006 and 2007. abe is the first politician in 64 years to return to the position after resigning. his liberal democrats ruled japan almost continuously for half a century. abe has spent the past week or so shaping his cabinet. he has filled it with some new faces and some familiar ones. y. shihide suga has taken on the job of cabinet secretary that makes him the head government spok
india and china to develop into a completely distinct world civilizations without having much to do with each other for long-term history. let's take that image that you offered of america, this amazingly simple geographic place with all of these natural harbors and rivers that run the right way but that was true for thousands of years and didn't leave to the development to rate civilization and european civilization and began to make powerful use of those the geographical advantages are obvious, so help us think about why it's geography that we should focus on as opposed to the cultural or civilization will aspect. >> that was due to the development of the failing chips which enable the croswell landed voyages, so that development of technology while it is short in distance it did not negate, it made it more important because it opened up a whole new geography and the world trade system cultural and economics flow from the geography because what is culture? it is the accumulated experience of a specific people on may specifically and skate over hundreds of thousands of years that l
. >> yes. >> that was a specific request from our owners in china. >> from napa grapes to california real estate. why china is suddenly buying american. >>> and just in time for christmas, an injured dog rescued by the kindness of strangers. good evening and merry christmas. i'm elizabeth cook. let's get right to it. some impressive rainfall totals. paul? >> reporter: more rainfall. another inch of rainfall throughout much of the bay area. here is a four-hour time lapse of what has been going around this evening. maybe you've been hanging out chilling with your family. outside it's been quite the storm. it's been rough out there. here's what's going on right now with a little bit of the break in the north bay and the east bay, which has received a significant amount of rainfall over the past half hour. exiting san jose right now and across the past 20 to 30 minutes. and over the top of hayward and also the oakland hills. the rainfall just from today, christmas, more than an inch for kentfield and another inch, plus a little change. nearly an inch of rainfall for alameda and almost one inc
goes 2,700 kilometers. oil has been flowing from there to china since 2010. now, the final section has been completed. from there, it can be shipped out. until now, the oil was transported along this last leg by train. that had a limited capacity of 15 million barrels of oil per year. the new pipeline can carry three times that amount. it is part of russia's plan to reduce its reliance on europe, which currently buys about 87% of the country's oil exports. during price talks with europe, russia has also -- often said it would seek other buyers and focus more on asian buyers. >> china's biggest producer of so-called rare earths has suspended output at some of its plants for another month as part of an effort to push up prices. >> rare earths are a group of elements crucial for making high-tech gadgets like smartphones and ipads, and they're mostly found in china, giving producers a handle on the market. and despite that, prices are falling. >> rare earths are, in china, but many minds in mongolia have fallen silent. state media says that will not change or at least another month. the co
year. >>> populous, prosperous, pushing ahead. china's rise brought it wealth, power, and problems. an income gap divides its people. pollution threatens their health. and disputes at sea strains relations with its neighbors. find out the challenges china faces, on "newsline." >>> traffic in china is said to be more of a free-for-all than an orderly procession. motorists often ignore other motorists and pedestrians too, and the pedestrians also play fast and loose with the rules. one result, lots of accidents. so authorities are taking action. nhk world's takafumi terui has the report. >> reporter: red lights don't stop these pedestrians. and crossings, who needs them? as for drivers, when they change lanes, they barely give a thought to other motorists. not a day goes by in chinese cities without a traffic accident. >> translator: when i am in a hurry, i cross streets even against red lights if there are no cars. >> translator: in china we have only one way to cross. if we all go at once, the green light is as good as on. >> translator: pedestrians have bad manners, but cyclists a
from our chinese owners. china overall is looking to bring parts of america to china. >> reporter: in 2010, this vineyard was up for sale. chinese investors bought it and now 90% of the wine from here that's 9,000 cases -- is shipped to china. what does a chinese company want with a vineyard in napa valley? >> there's a big demand in china for luxury goods for goods that are scarce and for goods that are well made. so rather than buying chinese- made products and spending our money over there, they're buying american made products and sending their money back over here. >> reporter: on the jobs stay here? >> and the jobs stay here. >> reporter: rich chinese firms have investigated billions in the u.s. 1.3billion in california companies. a reported $560 million invested in the past year. the chinese are also boosting the golden state's housing recovery. they have bought one out of every 10 homes sold in the past year. >> compared to the high-end housing like in beijing, this is not that expensive. >> reporter: this university of southern california student has a $1 million condo a
in india and china that all investors need to be aware of is the fact that corporate debt is now really building up to almost unhealthy levels. and i would keep an eye on where corporate debt levels are in companies investing in. >> when i was a corporate analyst in india tracking markets, technology was considered the engine of growth for the country and one of the bright spots for the market. is technology still one of the areas you are tell clients to invest in in india, or what are the sectors you're looking at? >> i think there's two sectors whether you look at india, china, or asia. there's two sectors we like. it's technology, as you said. i think that's one that -- it's a bright gem. you know, it went from, in india, from a bpo outsourcing business and has grown to an innovation business where brands are being developed and real technological gains are being had. the other sector we like is health care. the demand for health care in these markets is just continuing to grow steadily. obviously people are having longer lives, having more disposable income for health care and treat
on the bottle. >> kind of nationalistic. that was a specific request from our owners in china. looking to bring parts of america to china. >> reporter: chinese investors bought this vineyard and now 90% of the wine is shipped to china. what do they want with a vineyard in napa valley? >> there's a big demand for luxury goods. rather than buying chinese-made products and sending our money l they're buying american made products and sending their money back over here. >> reporter: and the jobs stay here. >> yes. >> reporter: chinese firms flush with cash have invested $16.4 billion in the u.s. in the past decade. $1.3billion in california companies. $560million in just the past year. the chinese are boosting the golden states housing recovery. they bought one out it have every ten homes sold in the past year. >> compare to high end housing like in beijing, this is not that expensive. >> reporter: a student at the university of southern california. his parents bought him this yearly $1 million condo. they thought renting a dorm room was a waste of money. >> my parents decide to buy me a house as a
still get a brookings conference last month about china's legal system. first we will hear a brief introduction of justice breyer. >> for 20 years i've been advising the very senior chinese roughly half of that on financial and economic matters and the second half on a whole variety of topics. about ten years ago i remember the first time i met jerry cohen. we started talking about the rule of law, and i said to him at the time what strikes me about the topic is other than the one occasion i can think of and i can only think of one other than the occasion of was in the state department and bill clinton was president at this topic in my view has never gotten the attention the most senior level discussions has been treated like a technical topic with technicians and not as a fundamental topic but in the relations of the two states. in my own experience i always say that the chinese leadership, the most distinctive characteristic to me is they are systematically opened. that is to say the basic modus operandi is any particular topic let's look throughout the world at the best ideas th
owners in china. china overall is looking to bring parts of america to china. >> reporter: in 2010, this vineyard was up for sale. chinese investors bought it. now, 90% of the wine from here-- that's 9,000 cases-- is shipped to china. what does a chinese company want with a vineyard in napa valley? >> there's a big demand in china for luxury goods, for goods that are scarce, and for goods that are well made. rather than buying chinese-made products and sending our money over there, they're buying eir ican-made products and .ending their money back here. >> reporter: and the jobs stay here. re.and the jobs stay here. >> reporter: chinese firms, flush with cash, have invested $16.4 billion in the u.s. in the past decade, $1.3 billion in california companies, a record $560 million in just the past year. the chinese are also boosting the golden state's housing recovery. they've bought one out of every ean homes sold in the past year. >> compared to the high-end thiing like in beijing, this is not that expensive, though. r: reporter: di meng is a student at the university of oruthern ca
and tolerance. the pope also prayed china's new leaders will shington's ability to avert the fiscal cliff. on monday before closing for christmas, the dow lost 52 points, while the nasdaq dropped eight. >>> new taxes to help pay for the affordable health care act take effect january 1st. the average american won't be spending more money to the irs. the wealthiest 2% of americans and the health care industry will pick up most of the tab. >>> milk is a staple in every home, ask starting in the new year you could be paying twice as much for it. a government subsidy expires at the end of this year. unless congress extends it, the cost could skyrocket to above $7 a gallon, putting a major hirchlg on families already struggling to make ends meet. >>> bad news for retailers. holiday sales proved this year it was the weakest since 2008. one report put the increase at just 0.7%, are far below analyst predictions of 3% to 4%. superstorm sandy and the looming fiscal cliff disrupted the shopping season. >>> and if you are returning my holiday gifts, have your right and a lot of patience. usa today re
off. reason for that is we look at china. china's economy is turning the corner. that's also helping with what you folks talked about earlier in the crude oil. see how it plays out. even though it's a light volume week as far as trading -- ashley: still, though, a downward trend with the chart. what's the story with silver? >> well, you saw silver pull back with gold. normally, they run, and now what we're seeing is there's a little bit more demand. china's picking up the pace a little. we are seeing silver that's up, what, 24 cents as of today? not a bad move from a one day, especially in the light volume. ashley: if we get it done on the fiscal cliff, will we see a selloff in metals? >> i don't believe that we will. europe right now is the safe haven. there's no negative news. by any means, they are not done with all that's going on over there. everything is focused here on the u.s. and the fiscal cliff, and until that is resolved, if it gets resolved, the traders are pulling back, volatility's high, and there's going to be very thin volume in the markets. it's not going to take mu
japan's pacifist constitution. >> china has launched the world's longest high-speed rail route. the line between cities is almost 2,900 kilometers long. trains travel an average speed of 300 kilometers per hour, cutting travel time in half to just eight hours. >> floods in malaysia have forced more than 13,000 people to flee their homes. the floods have hit several states of the country's east coast. one woman died after slipping into a swollen river, and forecasters are expecting more rain to fall. >> china's leading producer of rare earth is attempting to shut down some plants in an attempt to stem falling prices. the group will keep some mines and factories closed until the end of january. >> rare earths are crucial in making a broad range of high- tech products. prices have been declining due to falling demand, and a growing number of companies are turning to alternatives to cut costs. than helping those in need and providing assistance to the deprived our universal concepts around the world. >> we bring you an example from mexico where a catholic priest is helping people at his miss
there is some optimism about the growth prospects, especially housing, but i also think as far as china is concerned, most people consider that the economy to have troughed and look for good things to happen. so i think there is a lot of optimism - even in europe there's a lot of optimism, but we know how that all goes when there is a lot of optimism. so, anyway, slow trading expected this week. > will there be some last- minute adjustments, or have most of those folks already gone home and closed the books for the year? > > i think for the most part anyone that really had anything to do really has done it already. that would be the capital gains tax-type selling, that sort of thing. but there's always some minor window dressing issues that could come up. so i wouldn't really pay much attention to the price action this week. what is probably more important is the first couple weeks in january. > do you have any kind of end- of-the-year strategy here, or are you just kind of going sit on your hands? > > at this point, no. just wait 'til next year and start fresh. > no plan is a good plan
for syria, the middle east crisis, communist china. the catholic church faces official who discrimination in china. the pope encourage arab spring nations, such as egypt, to adjust. for some, it was a welcome relief, or a day to rest up before big sales. >> some of us had work today, but not everyone. mother nature helped santa deliver a white christmas across much of the country, from new england to the snow-covered hills of colorado. a winter wonderland for people of all ages. and they're furry friends, too. after a last-minute shopping frenzy in malls across america -- >> i am not going over my limit. >> americans settled down for christmas. some of them this holiday in church, giving prayers' and things with their family. for americans serving in afghanistan, the christmas feast was a bittersweet reminder of life in the states, and the loved ones they left behind. >> and the opportunity to view of my family and mom -- to be with my family,, this job comes with a price. soldiers realize those prices. >> with america winding down its wars, there is a lot to look forward to. just in time
. >>> and the world's longest high-speed rail line is now open for business in china. the first trip was this morning as passengers boarded a train in bay bridge. the line is 1,428 miles long ending in the southern city of [ non-english language ] the city takes 8 hours compared with the more than 20 hours for the previous system >>> some encouraging news on child obesity. the problem appears to be easing among small children in poor families. the centers for disease control followed 27 million children between the ages of 2 and 4 from 1998 to 2010 and the rate of obesity decreased from 15 to in3 to 14.9%. extreme obesity went down by 2%. >>> a new study suggests there may be a genetic component to how children feel pain. researchers at geneva university in switzerland analyzed the dna of 168 kids recovering from major surgery. well, the young patients with a certain gene variant felt more pain. >>> a warning this morning about a popular cosmetic medicine. the food and drug administration is warning hundreds of medical practices that botox they have could be bad. cbs reporter amber lee explains how
. where was this made? >> china. i know, i know, i know your show. >> reporter: thousands of you know the question and are now asking it yourselves. just one thing made in america. neighborhoods coast to coast. >> what's going on here? >> reporter: one gift, $64, hundreds of thousands of american jobs. you know the drill. remember the fire house? >> are you in? >> we're in! >> reporter: the town hall? >> you belt we're in. >> reporter: this vermont school, among the first. >> made in america! >> reporter: then, that classroom in peachtree, georgia. >> david muir, if you are ever in atlanta -- >> reporter: and now spreading to this seventh grade class in north carolina. >> we're in! >> reporter: and tonight, just look at what was unwrapped under trees across america. this mom, buying ornaments from you a gus wendell in pennsylvania. and something else key -- >> i found a santa claw key, because we do not have a chimney and my kids wanted santa to have a special way to get in. >> reporter: connor asking, who said all socks are made in china. >> my mom got me a pair of nike socks that we
. mandela was moved to his home in johannesburg where he will continue his recovery. >>> china opened the world's longest high-speed rail line today. the train travels more than 1,400 miles from beijing in the north to the south of china, a trip that until now took 20 hours. the new train traveling at 186 miles per hour cuts the time to just eight hours. hundreds of the new trains will be put into service on this line alone, as china moves toward its goal of building a nationwide high-speed rail network. >>> and back in this country, a lost and found story involving a best friend. it all began christmas eve outside a grocery store here in new york where a security camera shows a man stealing a dog and then walking away. that dog's name is marlee. a woman who saw him trying to sell the dog thought something was up, so she bought marlee herself, took him to a vet and it turns out he had a microchip which was scanned. as a result, the king charles spaniel was reunited with his 7-year-old owner yesterday afternoon. perhaps the best christmas present she could have wished for. a suspect wa
in with tech. at times they're producing too much. at times products from other countries including china gauze a glut in the system. earnings get slashed. i listen closely to commodity calls to get a sense of whether inventory is building anywhere in the system. if it is, i can tell that the gross margins are coming down. and i got to get you out of those stocks. quicker that i do, aluminum, steel, copper, i got to work faster. don't you believe that it's just the commodities affected by the gross margins issues. i listened to every pharmaceutical call and hear about generic competition and what it may mean for future earnings. a drug company with a patent cliff meaning as drugs coming off patent will plummet in price scares me. and i tell you to get out. i think it's going to trade at a low multiple to future earning even if it traded as a high one in the past. until a stock discounts that, i got to keep you out of it. few drug companies are imean. i steer clear as best i can until everyone knows about the patent cliff. then i go back. finally oil and service companies. these are hardest, dif
reports on police officers in china, and their accusations of widespread corruption by local officials. and jeffrey brown samples the poetry about greece's financial woes and its austerity measures. >> we'll hock the person to buy our bread. if you believe the headlines, then we're sunk. greece downgraded deeper into junk. >> ifill: that's all ahead on tonight's newshour.n >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: much of the world paused today to observe christmas. the day brought all the traditional rites of faith for christians and a new urgency to calls for calm in the troubled corners of the globe. thousands of the fait
be lumped in with tech. at times producing too much. at times koufrnts like china cause a glut in the system. future earnings per share get crushed. i listen closely on these commodity calls to get a sense whether inventory's building anywhere in the system because if it is i can tell if the gross margins are coming down and i've got to get you out of those stocks quicker than i do. aluminum, steel, copper. i've got to work faster. don't you believe for one moment that it's just the commodity producers that are affected by these gross margins issues. i listen to every major pharmaceutical call for you and i hear about generic competition and what it might mean for future earnings. a drug company with a patent cliff meaning its drugs are coming off pat sxent it will plummet in prees is one that scares me and i tell you to go out because i think it's going to trade as a very low multiple to future earnings even if it traded at a high one in the past. nail stock gets out of that i've got to keep you out of it. very few are immune from this. i steer clear of them as best as i can until everyone
the time decorating with a christmas tree and stockings left behind from an earlier expedition. >> china has opened the world's longest high-speed rail line. it runs nearly 1,500 mi. from the country's capital and the north of guanmgzhou, in southern china. the line officially opened earlier this morning. trains on this high-speed online will initially run at 186 mi. per hour with a total travel time of about eight hours. before, the fastest time between the two cities by train was more than 20 hours. the chinese government plans to build a grid of high-speed railways which for east-west lines and for north-south lines by 2020. >> we will be right back. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new v
markets around the world were closed for christmas, and for the day after christm christmas. china, five-month high on the notion that the urbanization plan will gain spurs in the housing stocks there. japan, abe confirmed as prime minister there. the seventh prime minister in the past six years. we did see the yen hit a 20-month low against the u.s. dollar. notable lows against the euro as well. the topics in the nikkai the lowest in nine months. >> going back to his old job, that he had back in 2007. strange in and of itself. i wonder how long it will take for people to start talking about netflix after the outage going into christmas eve on social media. they were calling it no flix. and to blame amazon web services, which is one of their huge growth engines. a unit of the company they say is probably a tenth of its eventual size. >> one of the highest growth parts of amazon right now, the web services portion. their amazon is down 1.25%. i don't know if that's the reason. but it was the streaming center in northern virginia that was the source of the netflix outage. it's resolved, th
outsourcing to china blue there is a new phenomena bringing chinese students to college. but it's not clear cut outcome as pass/fail. >> 23-year-old arial jhang the central chinese province has a new normal at the u.s. college and universities. for the third straight year, most foreign students one in four hail from china. 194,000 students, 23% increase in previous year. >> they are paying tens of thousands in tuition. they are very driven. >> aggressive recruiting brings challenges. chief among them is trouble with the language. at some schools they use head set for english to mandarin translation. at the university of san francisco that enrolls hundreds of students from china, an administrator got fed up and quit. dale smith was associate dean at the usf business school. and isn't talking. but according to account in "san francisco chronicle" he feared influx that it might dilute the educational experience for the business students. i'll a valid concern, say experts who suggest the admission board rely as much on rig louse language screening as on test scores. >> it could go smoothly. it
david: "time" to go off the desk and over to china where the world's longest high-speed rail line just opened. this train runs 4028 miles from beijing. hitting a speed of 186 miles an hour. travel time for the big distance, just eight hours. before the new high speed line the same trip took about 20 hours. >> pretty amazing. also off the desk it is a record year for the box-office. the biggest flop of the year, disney's "john carter". the sci-fi epic at budget of 250 million bucks and took in over 280 million worldwide. the children's filming agy loves, also, to million was the budget. brought in one million. david: money with adam shapiro is right now. >> i'm adam shapiro in for melissa francis. here's what is money tonight. let the last minute panic begin of the president obama is set to fly back to washington in the next few hours to try to scrape out a fiscal cliff deal but hope is fading fast. if that weren't bad enough, the treasury now says the u.s. will hit the debt ceiling on new year's eve. will this be a game-changer for reaching a deal? >>> plus as if the fiscal cliff
mother, 56-year-old, that night. she came here from china to briefly help her son and wife take care of their 18-month-old baby. they went to twin peaks to show friends the beautiful screws of the-- the beautiful views of the city and then -- >> tragedy happens. took my mom from hee me. >> reporter: he spent christmas cleaning out her mother's room and planning to return her body to china for a proper burial. the sadness is not something he wants any other family to suffer through. so he has a message about drinking and driving and getting behind the wheel -- >> think about the consequences. i had a perfect family. a perfect mom and now everything is gone. >> reporter: just teen waldman, kron 4 news. >>> u.s. holiday retail sales this year are the weakest since 2008 after a shopping season disrupted by storms and ricing unernty -- uncertainty. a track says holiday sales increased .7%. now, analysts had expected sales to grow 3% to 4% this season. sump storm sandy caused sales to decline after striking east coast in late october. that short shows investors nervous as lawmakers fail to
orbit. china opened the world long as high-speed rail line. there was nearly 1,500 mi. from the country's capital to the north and southern china. the line officially opened early this morning. trains on a high-speed line will initially run a one- handed hundred 86 mi. per hour with a total travel time of about eight hours. before the fans is that between two cities by train was more than 20 hours. the chinese government plans to build a grid of high-speed railways with four east west lines and for north-south lines by 2020. after our show dr. phil at 10:00 a.m.. we will be right back. >> despite a summer slump at the box office 2012 is expected to mark the industry's highest year on record. it forecast hold through up out the end of the year the industry was the up nearly $11 billion in ticket sales. films including the avengers, the hundred games, and the twilight saba breaking dawn help keep revenue afloat. clinton andclinton tarantino die unchain and a musical light as a route which opened yesterday are expected to help 2012 and not a high note. does the customs and is expecting it
system -- the reaction to china they just have a police chief said the prosecutor and the justice they get together and what kind of system is that? where does the defense have these rights? that's right, and then i think, you know, 98% or 95% of the cases are decided by a plea-bargain between the prosecutor and the lead defense lawyer. and i say what kind of a system is that? .. >> go into a courtroom. it's a nasty system. and it isn't terribly efficient. they put it in because hamilton and the others hoped it would do one kind of a guarantee of a certain kind of basic liberty. and, of course, i believed in that. i wouldn't spend so much time -- yes. now, here. sorry. >> thanks. justice breyer, and john. i write the mitchell report. as i was listening to the beginning of this conversation between the two of you i was reminded of a wonderful conversation that took place probably 30 plus years ago between bill moyers and one of, a former justice, justice blackmun, talking about the constitution. answer this question sort of goes to at what's at the heart of constitutionalism and ru
lived in china. once again, america's proof we are falling behind in infrastructure. thanks for watching "street signs." i'll send it to "closing bell." >> and hello again, everybody. welcome to the "closing bell." i'm mandy drury sitting in for maria bartiromo. happy boxing day as well. >> christmas is over but mandy has been celebrating boxing day all day. we didn't get any presents from lawmakers in washington yet. we're still five days away from falling off the proverbial fiscal cliff and wall street, like everybody else, is waiting for some kind of a solution here, and as you can see by today's numbers the waiting game continues, although we thank brian sullivan and you, mandy, for bringing us back to positive territory in the last hour. >> i'm not sure we can take credit but we'll take it. >> the dow is up a fraction at the moment. 13,139 after a meandering much of the day. the nasdaq hardest hit today. technology has been very volatile recently. still down a fraction right now. 13 points, fraction percentage-wise and the s&p is down 3.33 at 1423. five days left until the fiscal cl
. >> and he is expected to name his cabinet later today. >> china has opened the world's largest high-speed rail line. >> it runs nearly 1,500 mi. from the country's capital and the north to guan gzhou, in southern china. >> the lot officially opened early this morning. >> trains on this high speed line will initially run at hundred 86 mi. per hour with a total travel time about eight hours. >> before, the fastest time in two cities by train was more than 20 hours. >> the chinese government plans to build a grid of high-speed railways with forties' was lied to for north-south lines by 2020. >> a veterinarian in the uc davis has some good news about a dog from the philippines became an international hero after sacrificing it's not to say to young girls. >> the dog named kabang appears to have beaten the cancer it was suffering from. kabang ended up in davis' earlier this year after a nurse in new york spent a fund-raising campaign to bring her to the u.s.. >> will be back with kron 4 morning news. >> here is a look at the bay bridge toll plaza. traffic is picking up. it is still light
up. it's not just china, india, brazil. it's all of the above. back in the days when we were threatened by japan, it was just japan. now we've got a whole bunch of countries, including mexico, that are making radical improvements in their infrastructure, in their business environment, in their skill levels. they're working to drive down their regulatory costs. they're trying to make business simple. and in the meantime, we're just kind of loading costs encumbrances on our private sector. we've got to start addressing these fundamentals, or the living standards of the average american are going to continue to be under severe pressure for the foreseeable future. >> i agree with all that, but remember, and i think you would agree, that one of the reasons these countries are becoming competitive is because their wages are much lower. we talked about how wages in china are going up. general motors in china pays $5 compared to $55. mexico, $7 an hour. and mexican productivity, as you said, is getting very, very high. so i don't know exactly how we address those challenges without o
mohamed mursi. el comitÉ aprobÓ este resultado. la policÍa china rescatÓ a 89 niÑos que habÍan sido secuestrados por una red de trÁfico, arrestÓ a 355 sospechosos en 9 regiones del paÍs. en zonas rurales tienen a comprar niÑos secuestrados, y el trÁfico de niÑos porque pueden crear hijos de un bebÉ valon que se puede comprar en 356 euros. el papa en su mensaje navideÑo pidiÓ paz en el mundo. y celebran la navidad en belÉn. y decenas de alemanes desafiaron el frÍo para cumplir con esta tradiciÓn. ya l ♪ >>> en su tradicional mensaje desde el vaticano el papa pidiÓ la pazeo en el mundo hablando ante 50 mil personas, el pontÍfice dijo que la esperanza de la paz no puede morir. y pidiÓ dialogo en el conflicto palestino israelÍ. y catÓlicos celebran el nacimiento del niÑo jesÚs. turistas acudieron a ese lugar. pero desde belÉn varias causas hicieron que fueran menos personas. >>> miles de palestinos abarrotaron la plaza del pesebre, aquÍ el sentimiento es diferente. porque jesÚs estuvo. a menudo no somos consciente, pero en belÉn comenzÓ todo. pero la reciente g
>> the world'sdhfhñ longest high speed rail line is up and running in china. the first bullet train left beijing this morning. the line connects the capital city with the commercial southern hub. the rail line is designed for top speeds of over 200 miles an hour. what used to take 22 hours will now take eight. >>> coming up, another holiday begins today where you can take part in the bay area's largest kwanzaa celebration. >>> set back for california educators looking for help. >>> good morning welcome back everybody. 4:54. a little rain in san francisco that is heading to oakland and alameda, full forecast coming a bit of a break in the rain ahead, that's all it is, a break. >> happy kwanzaa. the first day of the seven day festival honoring african-american heritage and culture in the bay area the largest celebration for families will get underway at 10 at the discovery museum in sausalito. the festival was created in 1966 by cal-state university professor. kwanzaa focuses on seven principles, unity, purpose, creativity and faith. >> wonderful, the season continues, as does the rain. we
behavior. >>> let's bring you to china. the world's longest running high speed train is off between beijing and gauuangzhou will take eight hours instead of 20. >>> and in wake of the tragedy at newtown, now known as the 26 acts movement was sparked with a tweet by our own colleague, ann curry, who learned more about this global out-pouring of generosity from carl quintilla. >> reporter: it started with a simple idea posted to twitter. what if we could honor the 26 lives lost at sandy hook elementary with small acts of kindness, leaving a stranger an unexpected treat or inspirational message or a way to keep warm. >> i've always made quilts. i thought, wouldn't it be nice to make quilt, one for each child and then donate them. >> reporter: using the #26acts, people began sharing their kindness on social media and just nine days later what has become a massive wave reaching to the halls of congress. >> i think america was looking for ways to demonstrate their grief, caring, empathy. >> reporter: to the other side of the world. >> i just kind of thought, you know, if this makes someone smile,
species from japan and china and bamboo and native plants. >> they're trimmed to a human scale so you relate to them on a human level. >> this is one of my favorite sections and you can see the goarnlrous maples by the bamboo back drop and especially beautiful in the fall when the leaves start changing colors. just around the corner from maple lane this little garden is called a zen garden, a dry landscape garden and constructed here in 1953. this was originally designed by zen monks for the ground. their main purpose was to create a trairchg tranquil setting for the monks. this is no ordinary bridge. it's made of redwood, oak and cedar. the high arch style makes it easy to pass under. the newly refurbished tea house is in the center of the gard scpen a great place to eat and chill as you take in the view of the garden. if you wish you can experience the rich cultural tradition that celebrates the preparation of green tea or matcha and your host dressed in the ceremony will demonstrate how to clean the utensils and receive and drink tea with ancient japanese customs. the art of
specially trained to detect suspicious behavior. >>> in china, the longest high-speed rail is off and running thanks to speeds 146 miles an hour. the train will take about eight hours instead of 20. >>> all right, coming up. find out how some folks show the spirit of the season by spending their christmas day lending a hand to those who need it most this year. you're watching "early today." >>> and welcome back to "early today." christmas should be a day of joy and celebration, but in many parts of the country, recent tragic events gave this year's holiday a different feeling. here's nbc's john yang. [ bells toll ] >> reporter: in newtown, connecticut, it was a day of lingering heartache. empty stockings now filled with gift. first responders gave their time so the town's police could spend the day with their family. >> just the right thing to do. that's why we're here. something needs to be done and we're glad to be here. >> it's a pleasure helping out. >> police officers giving police officers time off, you couldn't ask for a better christmas gift. >> reporter: in the new york a
that the materials were strong indicates china is doing well and that goes along with the transportation stocks so there's a little bit better tone away from the fiscal cliff. that's where it is right now. >> what about this concept. skeptical, the idea that we're underowned in the stock market and anything -- any resolution could mean stocks. >> a lot of cash on the sidelines that will be put to work if you get a little bit of a sign of a resolution here, bill. happy new year. >> nice tie, but i'm always saying that to you. we're going to the mid-point of the range, dow down 22 points. that's the first hour of the "closing bell." stand by now for hour number two. >> and welcome back, to the "closing bell." i'm mandy drury sitting in for maria bartiromo. it is the end of another trading day, and, no, we do not have a fix for the fiscal cliff. guess what, the numbers also reflect that. let's take a look at how a day on wall street, looks like the dow is down marginally, 24 points to the downside and the nasdaq off by the biggest percentage loss, down by 22 points and the s&p 500 is down by about se
will improve over the next three to four years, better sales, more construction and higher prices. china now has the longest high speed rail line in the world more than 1400 miles. trains began traveling this morning. top speeds of 200 miles an hour. that's america's money, . -- >>> good morning. you are looking live from sutro cam it is raining out there, going to be in most places right now heading from san francisco into south san francisco and alameda. >>> san francisco's city officials could pay municipal workers to take better care of themselves to save on health the city is trying to come up with a plan in response to a study that phone 66% of workers were overweight or 0 -- that found 66% of workers were overweight or obese, so were their children. >>> severe storms swept part of the country yesterday triggering more than#tgñ 30 tornadoes. dreams of a white christmas came true but caused major travel headaches. wendy gillette joins us live from new york with the latest. >> reporter: good morning. there are now reports ofíÑxeo 34 tornadoes spawned by this storm system. the national
. if you look at the facts, 32% of our manufacturing base has been gutted and sold to china, india, any foreign country that has cheap labor. the top patriotic american companies are parking their profits and offshore accounts so they do not have to pay a fair share of their taxes. the bottom line is since the late '70s, the wealthiest 2% in this country are making 25 times their wealth that they made a black -- back then. there are only paying 40% more in taxes. this country is doomed if we do not start putting terrace of the imports coming into this country. the republican party is selling you an outright lie. thank you. host: let's show you a facebook posting. the economist and professor at the university of maryland will be with us and about 25 minutes or so. he will take your calls and give you his economic outlook for 2013. he has written a lot on the matter. from west virginia, independent. caller: is, sir. i would just like to say that i am not very optimistic above the future of the united states right now. we are in so much that it is pathetic. our budget is way over. this pre
. >> thank you for coming. >> my pleasure. >>> nothing else like it in the world. here is the bad news. china has it, and, well, we don't. we'll explain that one, coming up. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. now get a lucid by lg, free. because for every two pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ >>> it is 47 minutes past the hour. let's get you to the top stories. tornadoes. 186,000 people without power in arkansas. me more than 27,000 out in alabama and thousands in the dark in mississippi and louisiana as well. >>> a beast of a snowstorm is crippling parts of the midwest. blizzard conditions in the forecast for ohio, pennsylvania and missouri. some places could see a foot of snow or more. >>> look at this. look what it looks like here in indiana. leave look at seymour, indiana, where it's coming down pretty hard. we had a better shot earlier, but they will get
was president, the republicans mainly were running the congress when we had things like nafta, china most favored nation status, the wto, the world trade organization, all of these trade deals that people claim were going to bring jobs to the united states and in every case the jobs left. >> many publications are putting together their year-end list of notable books. book tv will feature several of the books focusing on the non-fiction selections. these titles were included in foreign policy magazines must read books to give in breakout nations in pursuit of the next economic miracles on the set is another author we want to introduce you to a and this is brian. here is his book castor's secrets the cia and the intelligence machine. if you could start by giving us your background, particularly your cia background. >> i worked at the national intelligence council in washington for about 45 years. i ultimately became the national intelligence officer for latin america which is a tree or four-star military equivalent but it's a pretty substantial position and i had the responsibility for all
that maybe this new regime in china is going to be spending more helping to prop up the property department there, housing, than might mean more demand for industrial metals. copper today, the standout in part because of that. also, a different note, the s.e.c. ahead of the holiday delayed a decision on the proposed etf, according to the "wall street journal," the etf would hold twice as much copper in terms of holdings compared to the jpmorgan holding approved on december 14th. >> i think 182,000 physical tons they could take off the market. we'll revisit it later. for a moment, thank you. bob pisani is joining me on the floor of the nyse. the big discussion is about retail and what the figures from mastercard tell us. >> i just want to point out that the dow industrials dropped in the middle of the day. there had been some concern the house leadership which is all coming back now did not send out a 48-hour notice to their membership requiring all the members to show up and vote, even though there's no fiscal cliff deal, there was hope they would bring everybody back and try to get somethi
for the economy, as a whole. >>> and rail travel this morning is taking a major step forward in china. that country now has the longest high-speed rail line in the world. more than 1,400 miles. trains between beijing and guangzhou will initially travel a top speed of 200 miles per hour. cutting the trip from 20 hours to 8. it may also spur domestic airlines to cut their fares. >> impressive. >>> when we come back, a little courtside coziness for a controversial couple. >> the first side-by-side appearance for, yes, rihanna and chris brown. >>> and later, a little girl's dog snatched from a new york city street is home for christmas. how some good samaritans pitched in to get the pup and catch the thief. ♪ ♪ ♪ ♪ [ female announcer ] nothing gets you going quite like the power of quaker oats. today is going to be epic. quaker up. today is going to be epic. trying to find a better job can likbe frustrating.gs, so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create
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